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mayor ed koch. the mayor who helped america's biggest city make a big comeback from bankruptcy and a very bad image. we're going to talk with some people who really knew him and his legacy in just a few moments. but first up, sundaying super bowl will be the first in new orleans since hurricane katrina. brian schactman is live in new orleans tonight. good evening, brian. >> hi, larry. you know, the mercedes-benz superdome right over my shoulder seven years ago was in absolute tatters. now it has mercedes-benz as a sponsor with a $100 million ten-year deal, and it's absolutely beautiful. the city has been transformed since katrina in '05, and of course the bp spill in 2010. they spent about 300 million upgrading the superdome. another 300 million upgrading the airport. and another 400 million on various other projects in the city. i've been down there about four times in the last four years, larry. the city has never looked better. and also on a jobs day i do want to note the unemployment rate in the city of new orleans right now is under 5%. so if anything could say they came b
to throw atlantic city a life line and collect some revenue sos they can cut tax rates across the board for everybody. this is "the kudlow report" and we begin right now. >>> before we jump in let me give you my continuing optimistic view of this market. yes the fed remains easy. that's huge. you know what else? the there are is strong. no interests in gold. good numbers on homes sales, consumer confidence and core capital goods. profits are rising modestly and finally my contrary view that the budget cutting sequester which will limit government is pro growth for the economy and winds up being pro wealth creation for stocks. i think the sequester is part of the market's rally and that sequester is only two days way. the markets know all about it. so i'm still playing this from the optimistic side. let us get into focus on that very sequester. cnbc contributor robert costa joins us live from washington. he has the latest news on the sequester. there's some weird stuff going on out there. help me. first of all, a sequester is due on friday whenever the president signs it or whatever and
vary from city to city, county to county. if we could have a national blend or two, that would, you know, bring a lot of this -- >> call the dogs off -- call these dogs off. these regulatory dogs. >> well, before we get too excited, it seems to me that -- whether or not there's too many regulations, i don't think there's been a change in the regulatory environment that these refineries have been operating under. that is, you'd have to show me there's been a lot more. have there been a lot more regulations leading to refineries? >> the biggest changes go back to the clinton administration, the new source rules. if you did anything substantial in a refinery, it would have to comply with the new standards. >> since then, the prices have come way down and -- >> absolutely. and some of the big refineries that supply the oeast coast, larry, have been in the caribbean, not here. >> i always used the rule of thumb that eventually gasoline prices will follow crude oil prices. i still think that rule of thumb is applicable. what is going to happen here? >> well, at some point, they are making
. some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. >>> here is a real sizzle story. facebook billionaire mark zuckerberg is hosting his first political fund-raiser tonight. guess who it's for? new jersey governor chris christie, out of the left coast with all of those silicon valley folks. who would have thunk it. julia is live outside his house. >> good evening. the security is already tight. we have helicopters overhead. everyone is getting ready for the big event when zuckerberg invites his friends to meet chris christie. christie is raising his profile as a bipartisan leader ahead of his 2016 prospective run for president. this led tozuckerberg's $100 million education grant, which he announced on oprah. >> the main thing that i have to do is find people who are going to be really great leaders and invest in them. that's what we're doing here. we're setting up a $100 million challenge grant. >> zuckerberg has been doubling down on education philanthropy since then. he and his wife donated 18 million facebook shares to th
declare bankruptcy like cities are trying to do. >> we'll look at that chapter 11. steve moore you're great. >>> now american ceo who bashed a french work ethic. we have that story and more from mary thompson who is coming up next. ♪ [ male announcer ] how do you engineer a true automotive breakthrough? ♪ you give it bold new styling, unsurpassed luxury and nearly 1,000 improvements. introducing the redesigned 2013 glk. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. >>> key senators making immigration proposal that could affect you. cnbc's own mary thompson has that story and other top headlines. good evening. >> good evening. at least eight senators a bipartisan group are supporting a bill that could force every u.s. worker to carry a biometric i.d. card. it's for citizens and noncitizens proving you're eligible to work. they can use fingerprints or some other identifier and the goal is to prevent companies to hire illegal workers. some are worried about privacy. senators are open to hearing other ideas. more pressure
with her? >> jon stewart ripped her to shreds. >> the point that's valid is we are big city folk. in the smaller, rural parts of the country and you can speak to the congressmen representing the districts the post office is the central meeting place. i have never been to these places. there is something going on there. i respect that. >> if you go on a listening tour. >> i should. >> you're making the right point. this point will come up later with the military. it's so widely distributed. everybody has an impact on this. we do live in big cities but people in kansas don't have the same relationship. >> shouldn't have to pay for that. >> you can't have everything you want in life. i have a number. $47 trillion. do you know what $47 trillion is? from the cbo, congressional budget office, that's u.s. federal spending for the next ten years. $47 trillion. okay? can we agree that's a big number? now the post office will add to that number. i think we should be subtracting from that number. i don't care what sentimentality or who claire mchaskill is. she shouldn't have run the race. s
basically the chicago city workers, the chicago public unions are all going to be put into the health insurance exchanges. that is the way chicago is going to get out of whatever it is, its $8 billion unfunded liability. if he does it, then cities and states all across the country are going to dump their union employees right into the health insurance exchange and that is going to break the bank completely. >> that's exactly right. and that's exactly what they're asking in this provision now with these jointly run employer union plans. we want to be able to send our employees to these exchanges. the law is already costing 2.6 trillion over ten years. what would that do? and then who's to say that it's -- of course you couldn't just limit it to union employees. anybody who has a job should then be able to get coverage. >> but the idea of putting these government union workers into the exchange was not -- as far as i know, was not ever really expected. i mean, phil, this is a new twist. for rahm emanuel -- maybe it's very clever. get out from under his unfunded liability. maybe the u.s.
york city. what does this thing look like you to? >> well, i hate to disagree with you. and i hate to have to defend the president here. but for you to say that president obama came one a bad program, the sequester thing, is one of the few plans he's ever come up with that i like. and any cabinet member that cannot make a cut of 1.25% should immediately step down. he's not capable of managing if he can't make those cuts in a reasonable and rational way. this is the same game we always play. when you have to make a little cut, you claim we have to cut food safety, we have to cut airline security. you absolutely don't. there's enough waste and bloating you could make reasonable cuts. >> this is obama's plan. and this is a good thing. this is like the drones. i like the drones and i like the sequester. but he's disowning the sequester. >> but they let him get away with it. we've got to make this clear. this is obama's plan. he designed it. he created it. >> republicans also back the sequester. they're both responsible for this mess. and it's a mess. and i think what's going to happen,
for the city. you like solyndra meets beyonce. >> esiason said -- >> he's a great reporter. he won a pulitzer, right? >> mvp. boomer says there was a weird buzzing sound after beyonce finished. can you tell the audience what that was all about? >> all i can say is it takes a tremendous amount of energy to do what she did in terms of electricity. then it stops and the second half started and there was a play and all of the sudden it went dancrk. there is a chance they continued to suck in the energy, they didn't e need it and it needed to go somewhere. >> if they find out, they won't tell us. >> they might have to. some agencies may be involved in this. >> they may have lost 2018. >> they may have. >> thank you very much. >>> now, remember when democrats used to be afraid to admit they want to raise your taxes? president obama and the democrats don't seem to have a care in the world. they are all admitting the truth. is that a great idea politically? another tax hike. how about the economy? next up on kudlow. i'm lorenzo. i work for 47 different companies. well, technically i work for one. tha
in and dig out. another big concern especially in some of the areas outside of the city is a loss of power. these winds are going to get to hurricane strength in some areas, and that's going to threaten the power lines. now, over the last day or day and a half, we've obviously seen a run on all of the hardware and home improvement stores in this area. but also the grocery stores. people getting the food they need to sustain themselves for several days, saying they realize they will probably be in their homes for an extended period of time. that's the very latest here in boston. i'm jay gray, nbc news. now back to you. >> all right. many thanks to jay gray. we appreciate it. >>> now, the president might have some senate democrats on his side as they scramble to find replacement cuts for the march 1st across the board sequester. but according to the latest from ace pollster scott rasmussen, only 36% of likely voters think oklahoma should find a way to stop the automatic cuts from going into effect. scott rasmussen, founder and president of rusmussen report joined me. scott as always welcome
water fountains for the master and the mutt. there are buildings in new york city, chicago, boston that are all catering to pets and people are paying for it. they're paying up to $500 as a down payment and 50 bucks a month in d.c. here. and probably a lot higher in manhattan. i've heard of pawdicures for the dogs. and this chauffeur services. they can provide that. even doggy food trucks. there is no end to it, larry. >> we get our dog groomed every two weeks. >> that's grooming. but does it get the pawdicure. >> sometimes, actually. sometimes. let me show it. can i show it on the air? this is the newest contender. there he is. that's grace. she is a terrier. they have one, actually, in the terrier category at the westminster kennel club. at that point she was only a few months, six months or so old. i'm not going to say how old the guy is on the chair. that's a different subject altogether. but you know what i heard? 100,000 bucks a year to train and groom these dogs. >> it's no surprise whatsoever. when people are spending this kind of money at home if you're talking about a sho
york university. today's "wall street journal" questions the big bonus citi paid lew. sounds a lot like revolving door crony capitalism. that's right. back with us now is mike ozanian, steve mcmahon, and kay bailey hutchison. mike, i don't know this guy. i don't know. i don't know why nyu had to give him a special severance payment. he left voluntarily. i don't know why citigroup had to give him a bonus. he went to the federal government. the stipulation was if you go work for the federal government, we will guarantee you a bonus. not if you go work for the red cross or a non-profit. this sounds to me like crony capitalism revolving door. >> you know what? i have so much respect for tim geithner, that to me this seems like such a downgrade. it's very disturbing to me. it bothers me even more than the nomination of chuck hagel. it just seems like the president is totally disengaged. no one vetted this guy. it's just crony capitalism, as you said. and the president spoke so vehemently for so long that this was something he was going to put a stop to. >> that's a key point. he talked about
schools and city university of new york and ibm, students will graduate with a high school diploma and an associates degree in computers or engineering. we need to give every american students opportunities like this. and four years ago -- four years ago we started race to the top, the competition that convinced almost every state to develop smarter curriculum and higher standards, all for about 1% of what we spent on education each year. tonight i'm announcing a new challenge to redesign america's high schools so they better equip graduates for the demands of a high-tech economy. and we'll reward schools that develop new partnerships with colleges and employers and create classes that focus on science, technology, engineering, and math. the skills today's employers are looking for to fill the jobs that are there right now and will be there in the future. now even with better high schools, most young people will need some higher education. it's a simple fact. the more education you've got, the more likely you are to have a good job and work your way into the middle class. today's s
Search Results 0 to 12 of about 13

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